Electronic Funds Transfer Stocks List
Symbol | Grade | Name | % Change | |
---|---|---|---|---|
XRO | C | Xero Fpo Nzx | -1.60 | |
OFX | D | OFX Group Ltd | 2.07 | |
TYR | F | Tyro Payments Limited | -6.49 |
Related Industries: Business Services Software - Infrastructure
Related ETFs - A few ETFs which own one or more of the above listed Electronic Funds Transfer stocks.
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
ATEC | C | BetaShares S&P ASX Australian Technology ETF | 9.87 | |
FAIR | C | BetaShares Australian Sustainability Leaders ETF | 3.91 | |
EX20 | B | BetaShares Australian Ex-20 Portfolio Diversifier ETF | 2.17 |
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- Electronic Funds Transfer
Electronic funds transfer (EFT) are electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff.
According to the United States Electronic Fund Transfer Act of 1978 it is a funds transfer initiated through an electronic terminal, telephone, computer (including on-line banking) or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit a consumer’s account.
EFT transactions are known by a number of names across countries and different payment systems. For example, in the United States, they may be referred to as "electronic checks" or "e-checks". In the United Kingdom, the term "bank transfer" and "bank payment" are used, while in several other European countries "giro transfer" is the common term.
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